VAF Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2015	FY 2014	FY 2013
Period Ending	Dec '15 Dec 31, 2015	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Jan '14 Jan 1, 2014
Net Income	65,190	65,190	85,211	83,712
Depreciation & Amortization	5,828	5,828	6,153	14,642
Other Amortization	55	55	55	-
Loss (Gain) From Sale of Assets	-	-	-	17,124
Other Operating Activities	-24,675	-24,675	-26,785	-25,583
Change in Accounts Receivable	-13,106	-13,106	20,047	-20,758
Change in Inventory	-13,574	-13,574	32,945	-22,664
Change in Accounts Payable	-26,819	-26,819	-64,063	33,764
Change in Other Net Operating Assets	-7,627	-7,627	-11,297	-4,565
Operating Cash Flow	-14,729	-14,729	42,266	75,672
Operating Cash Flow Growth	-	-	-44.15%	-
Capital Expenditures	-37,607	-37,607	-6,099	-54,068
Sale of Property, Plant & Equipment	21.89	21.89	-	68.18
Other Investing Activities	11,031	11,031	16,954	-
Investing Cash Flow	4,908	4,908	150,855	-204,000
Common Dividends Paid	-43,475	-43,475	-43,460	-43,460
Financing Cash Flow	-43,475	-43,475	-43,460	-43,460
Foreign Exchange Rate Adjustments	6.43	6.43	25.23	12.55
Net Cash Flow	-53,289	-53,289	149,686	-171,775
Free Cash Flow	-52,336	-52,336	36,167	21,604
Free Cash Flow Growth	-	-	67.41%	-
Free Cash Flow Margin	-5.47%	-5.47%	3.89%	2.25%
Free Cash Flow Per Share	-1389.50	-1389.50	960.22	573.58
Cash Interest Paid	1,979	1,979	-	-
Cash Income Tax Paid	21,031	21,031	25,722	29,905
Levered Free Cash Flow	-21,543	-21,543	21,479	-
Unlevered Free Cash Flow	-21,543	-21,543	21,479	-
Change in Net Working Capital	35,188	35,188	24,836	-

Source: S&P Capital IQ. Standard template. Financial Sources.